Terry Tuck Email and Phone Number

Underwrite FNMA, FHLMC, Non-QM, Jumbo and Portfolio products within credit and quality stanadards. Underwrite a minimum of 60 units per month.Function as a technical resource to Loan Officers and Loan ManagersEnter complete and accurate data in systems to ensure data integritySupport team members to identify potential solutions/alternatives for complex loan files.

Leads the way with an upfront review and makes the initial credit decision based on company checklists and guidelines.Review everything and issues the final approval after all items are gathered by the Loan Processor and keeps the loan origination system up to date.Worked with post-closing team on any stipulations for closed files to push them over the finish line.Methodical and analytical personality with the ability to underwriter FHA loans using company's unique, upfront method.Reviews loan files for self-employed applicants and FHA, VA loans and income analysis for self-employed applicants.

Up-front & final underwrite for Conventional, USDA, FHA, VA, New Construction, Conventional Bond, Non-agency & Jumbo mortgage loans.

Single mortgage underwriter for individually owned company of less than 100 employees. Responsible for all underwriting, including Conventional, FHA, VA, THDA mortgage loan applications.Provided support to all sales staff and managers for proper structuring loans and scenario questions.

Responsible for evaluating risk, layering of risk, program guideline accuracy, collateral review and making appropriate loan decisions based on established underwriting guidelines, information and documentation provided in highly complex loan files. Manage assigned pipeline to ensure all procedures are applied accurately and processes are completed in a timely manner. Serve as subject matter expert within the team. Work under immediate supervision and report to Manager, Director or VP of department. ESSENTIAL FUNCTIONSAdhere to general work requirements Perform 2nd level underwriting and escalation reviews Act as team lead by stepping in during staff absences and ensuring efficiency and adherence to service standards within managed pipeline Serve as lending program guideline subject matter expert relative to current offered loan products Review highly complex applications for completeness and update data in LOS to ensure data integrity Work with internal and external partners to clear conditions in a timely manner Analyze and review documentation in file to verify accuracy of application and support underwriting decision Calculate income based on tax returns and/or other income documents in file Review and confirm assets in file Review and analyze appraisals, preliminary title work and purchase contracts Make highly complex loan decisions based on the overall worthiness of the borrower, layering of risk and all program requirements and issue loan approvals, suspensions, counter offers or denials Identify quality concerns and red flags and validate accuracy of associated risk to the borrower or property/collateral profile Communicate decisions (written and verbal) to all parties (specifically brokers and sales partners as appropriate) and build relationships with both internal and external partners Perform other duties as assigned

Properly underwrite secondary market mortgage loan applications per guidelinesSenior VA SAR authority to issue LAPP approval to underwriting staffFHA connection application coordinatorEffectively and professionally communicate decisions, issues, and conditions to lender/loan officersProperly review and approve all final conditions to clear loans for closingConsistently ensure the loan quality of all loans underwrittenEffectively maintain and communicate all necessary regulationsMaintain loan exception reportingMaintain a current knowledge of FNMA, FHLMC, FHA and VA regulations, policies and proceduresPerform audit & QC functions required for mortgage loans as outlined by regulators, investors & agency policies & procedures.Implement/suggest changes by reporting/grouping deficiencies and develop trending reports

Implement and complete the installation and programing of Encompass360 Banker EditionResponsible for all employee performance reviews of sales team, underwriting, processing & closing staff. Provided training and skill development in all areas as needed.Re-directed business channel to minimize risk while creating and implementing policies and procedures for improved accuracy and compliant loan closings.Currently in the process of re-establishing delegated lending authority and in-house underwriting for multiple investors and loan programs. Underwriting, compliance and regulatory policies put in place to insure all investor and agency requirements are met.Secondary duties include negotiating and re-certifying all active contracts with investors; adding additional investors for niche products and improved profitability and pricing.Create strategic business plan for all new business to maximize proficiency and profitability.Track and manage loan production pipeline to identify areas for improvement and implement solutions for increased productivity and reduced turn times.Responded and cleared all outstanding audits & loan deficiencies from investors, HUD, VA, MERS and internal QC organization.Reviewed, restructured and sold all retained portfolio loans which were approved internally, but deemed unsaleable to investors. Vendor Management – Reviewed cost and quality of all service providers to improve pricing and product delivery.Accounting – Investor purchase advises and Mortgage Funding reports were revised to reflect more accurate profitability and improved cost management.Created and implemented checklists for multiple mortgage procedures to insure timely and consistent processes.Provided written and verbal reports directly to the CEO & President to advise Board of Directors on profit returns.

Manage a staff of 19 (local & remote) underwriters ensuring that timeline goals, product knowledge and agency/investor guidelines are adhered to.Maintain & distribute updates from FNMA, FHLMC, FHA and other investors to immediate staff and company.Accountable for addressing internal & external post-closing and/or quality control issues.Initial and continued training for new & existing employees on proper internal procedures, system flow process and products.Identify and assist in the development of improvements to LOS system in the mitigation of risk & efficiency improvement.Identify material, develop agenda & lead consistent underwriting meetings with follow-up detailed minutes.Interview potential candidates for positions within the underwriting department and make reccomendations for hiring.Identify talent within the underwriting team and proactively plan for individual development.Manager the on boarding of new hires, including scheduling of training material to be covered.Participate in daily committe meeting to review suspended and denied loans. Provide input and help with alternative solutions that will possibly result in an approved loan that is reasonable risk to the company.Mentor underwriting team leads to proactively and independently manage escalated issues for complex transactions.Monitor and track losses to company that were caused by improper documentation or data integrity errors by team members. Train team members to avoid future issues.Stand-in underwriter for team leads when out and any overflow during high volume periods, in addition to underwriting all employee loans.